Total global revenue from satellite IoT is set to rise significantly, from $2.9bn in 2024 to $5.8bn in 2027, driven by demand for remote connectivity.
The increasing need for IoT connectivity in areas inadequately served by traditional networks, especially in mining and maritime, fuels the growth of satellite IoT.
The government and defense sector is projected to dominate satellite IoT revenue by 2030, accounting for over 20% of the total revenue globally.
Service providers must prioritize cybersecurity, as the integration of terrestrial and satellite networks introduces new vulnerabilities and potential attack vectors.
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